Hmm this seems like a good idea for investors like me.
John Holman, vice president of fixed income at the NYSE, said the move is aimed at creating a market for retail investors who have been at the mercy of big brokerages to buy and sell bonds. The system could be in place as early as May.
For instance, investors will have access to real-time prices on company debt. An investor with an online brokerage account will be able to place orders using ticker symbols, limit orders and other features currently available for stock investing.
That means I could purchase AAA corporate debt without having to buy a bond fund or figure out how to do it from a big broker. Hmm, I wonder how much E-Trade will be charging for this feature? If it is cheaper then buying a bond fund then I will definitely be waiting in line for it.
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